VESPER: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VESPER
NACE 87.101, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€49,684
2024 · €93,756-€143,440
Equity
€670,672
2024 · €720,356-€49,684
Cash
€16,437
2024 · €257,827-€241,390
Balance sheet total
€6.0m
2024 · €6.6m-€655,057
Largest movements
Assets
- Tangible fixed assets -€467,832
down €467,832 (-8.5%), from €5.5m to €5.0m
of which Leasing and similar rights: -€448,837
- Cash -€241,390
down €241,390 (-93.6%), from €257,827 to €16,437
mainly Debts after one year (-€761,445) and Short-term financial debts (-€200,823)
- Receivables within one year +€119,016
up €119,016 (+16.8%), from €707,065 to €826,081
of which Trade receivables: +€274,318
Equity and liabilities
- Debts after one year -€761,445
down €761,445 (-21.0%), from €3.6m to €2.9m
- Other debts +€462,798
up €462,798 (+552.4%), from €83,780 to €546,578
- Short-term financial debts -€200,823
down €200,823 (-44.8%), from €448,541 to €247,718
- Reserves -€143,096
down €143,096 (-24.5%), from €584,779 to €441,683
of which Tax-exempt reserves: -€143,096
- Profit (loss) carried forward +€93,412
up €93,412 (+20.1%), from -€464,423 to -€371,011
Income statement
- Staff costs +€377,707
up €377,707 (+10.0%), from €3.8m to €4.2m
- Services and other goods -€105,046
down €105,046 (-11.4%), from €923,752 to €818,706
- Financial charges -€63,933
down €63,933 (-27.1%), from €236,048 to €172,115
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€93,756
Turnover
-€9,588
Other operating income
-€2,261
Goods and materials
+€39,093
Services and other goods
+€105,046
Staff costs
-€377,707
Depreciation
-€3,368
Write-downs
+€17,863
Other operating charges
+€10,521
Other operating items
+€10,867
Financial income
+€2,588
Financial charges
+€63,933
Taxes
-€428
Result 2025
-€49,684
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€754,885
Investment
-€37,792
Financing
-€958,483
Cash 2024
€257,827
From operations (derived)
+€754,885
Net result for the year
-€49,684
Depreciation
+€505,145
Receivables within one year
-€119,016
Deferred charges and accrued income
+€65,330
Provisions
-€47,699
Trade debts
+€27,042
Tax, wage and social debts
-€80,422
Other debts
+€462,798
Accrued charges and deferred income
-€8,610
Investment (derived)
-€37,792
Investment in fixed assets (net)
-€37,792
Financing
-€958,483
Debts after one year
-€761,445
Current portion of long-term debt
+€3,785
Short-term financial debts
-€200,823
Cash 2025
€16,437
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,625,970 | €5,970,913 | -€655,057 | -9.9% |
| Fixed assets | 21/28 | €5,472,891 | €5,005,538 | -€467,353 | -8.5% |
| Tangible fixed assets | 22/27 | €5,472,891 | €5,005,058 | -€467,832 | -8.5% |
| Plant, machinery and equipment | 23 | €15,463 | €28,800 | +€13,337 | +86.3% |
| Furniture and vehicles | 24 | €32,792 | €33,747 | +€954 | +2.9% |
| Leasing and similar rights | 25 | €5,207,764 | €4,758,927 | -€448,837 | -8.6% |
| Other tangible fixed assets | 26 | €216,871 | €183,585 | -€33,287 | -15.3% |
| Financial fixed assets | 28 | €0 | €480 | +€480 | |
| Other financial fixed assets | 284/8 | €0 | €480 | +€480 | |
| Amounts receivable and cash guarantees | 285/8 | €0 | €480 | +€480 | |
| Current assets | 29/58 | €1,153,079 | €965,374 | -€187,705 | -16.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €707,065 | €826,081 | +€119,016 | +16.8% |
| Trade receivables | 40 | €500,585 | €774,903 | +€274,318 | +54.8% |
| Other amounts receivable | 41 | €206,480 | €51,178 | -€155,302 | -75.2% |
| Cash at bank and in hand | 54/58 | €257,827 | €16,437 | -€241,390 | -93.6% |
| Deferred charges and accrued income | 490/1 | €188,187 | €122,857 | -€65,330 | -34.7% |
| Total equity and liabilities | 10/49 | €6,625,970 | €5,970,913 | -€655,057 | -9.9% |
| Equity | 10/15 | €720,356 | €670,672 | -€49,684 | -6.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €584,779 | €441,683 | -€143,096 | -24.5% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €572,384 | €429,288 | -€143,096 | -25.0% |
| Profit (loss) carried forward | 14 | -€464,423 | -€371,011 | +€93,412 | +20.1% |
| Provisions and deferred taxes | 16 | €190,795 | €143,096 | -€47,699 | -25.0% |
| Deferred taxes | 168 | €190,795 | €143,096 | -€47,699 | -25.0% |
| Amounts payable | 17/49 | €5,714,819 | €5,157,145 | -€557,675 | -9.8% |
| Amounts payable after more than one year | 17 | €3,625,782 | €2,864,337 | -€761,445 | -21.0% |
| Financial debts | 170/4 | €3,625,782 | €2,864,337 | -€761,445 | -21.0% |
| Leasing and similar obligations | 172 | €3,621,485 | €2,864,337 | -€757,148 | -20.9% |
| Credit institutions | 173 | €4,297 | €0 | -€4,297 | -100.0% |
| Amounts payable within one year | 42/48 | €2,073,368 | €2,285,748 | +€212,380 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €757,660 | €761,445 | +€3,785 | +0.5% |
| Financial debts | 43 | €448,541 | €247,718 | -€200,823 | -44.8% |
| Credit institutions | 430/8 | €448,541 | €247,718 | -€200,823 | -44.8% |
| Trade debts | 44 | €213,723 | €240,765 | +€27,042 | +12.7% |
| Suppliers | 440/4 | €213,723 | €240,765 | +€27,042 | +12.7% |
| Taxes, remuneration and social security | 45 | €569,664 | €489,242 | -€80,422 | -14.1% |
| Taxes | 450/3 | €19,671 | €5,782 | -€13,889 | -70.6% |
| Remuneration and social security | 454/9 | €549,993 | €483,460 | -€66,533 | -12.1% |
| Other amounts payable | 47/48 | €83,780 | €546,578 | +€462,798 | +552.4% |
| Accrued charges and deferred income | 492/3 | €15,669 | €7,059 | -€8,610 | -54.9% |
| Operating income | 70/76A | €6,187,964 | €6,186,129 | -€1,835 | 0.0% |
| Turnover | 70 | €6,175,199 | €6,165,612 | -€9,588 | -0.2% |
| Other operating income | 74 | €12,765 | €10,504 | -€2,261 | -17.7% |
| Non-recurring operating income | 76A | €0 | €10,013 | +€10,013 | |
| Operating charges | 60/66A | €5,907,347 | €6,115,046 | +€207,699 | +3.5% |
| Goods for resale, raw materials and consumables | 60 | €537,835 | €498,742 | -€39,093 | -7.3% |
| Purchases | 600/8 | €537,835 | €498,742 | -€39,093 | -7.3% |
| Services and other goods | 61 | €923,752 | €818,706 | -€105,046 | -11.4% |
| Remuneration, social security and pensions | 62 | €3,785,382 | €4,163,089 | +€377,707 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501,777 | €505,145 | +€3,368 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,957 | €26,093 | -€17,863 | -40.6% |
| Other operating charges | 640/8 | €113,792 | €103,271 | -€10,521 | -9.2% |
| Non-recurring operating charges | 66A | €854 | €0 | -€854 | -100.0% |
| Operating profit (loss) | 9901 | €280,617 | €71,083 | -€209,534 | -74.7% |
| Financial income | 75/76B | €1,811 | €4,399 | +€2,588 | +142.9% |
| Recurring financial income | 75 | €1,811 | €4,399 | +€2,588 | +142.9% |
| Income from current assets | 751 | €1,811 | €4,399 | +€2,588 | +142.9% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €236,048 | €172,115 | -€63,933 | -27.1% |
| Recurring financial charges | 65 | €236,048 | €172,115 | -€63,933 | -27.1% |
| Debt charges | 650 | €232,008 | €168,895 | -€63,113 | -27.2% |
| Other financial charges | 652/9 | €4,040 | €3,220 | -€820 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €46,380 | -€96,633 | -€143,012 | |
| Transfer from deferred taxes | 780 | €47,699 | €47,699 | = | 0.0% |
| Income taxes | 67/77 | €322 | €750 | +€428 | +133.0% |
| Taxes | 670/3 | €322 | €750 | +€428 | +133.0% |
| Profit (loss) for the period | 9904 | €93,756 | -€49,684 | -€143,440 | |
| Transfer from tax-exempt reserves | 789 | €143,096 | €143,096 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €236,852 | €93,412 | -€143,440 | -60.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.